Beautiful entry and the timing is perfect. Stay watching 144.00. - break and close above will see impulses up to test previous highs - bounce and close will see the melt continue
– Previous Daily candle closed Bearish around 2028 forming Daily Resistance around 2045.800. – Buys on close above 2034.500 targeting previous 4h Support formed around 2039.000, Leaving Runners to the Daily Resistance formed around 2045.800. – Sells on close below 2025.500 targeting 4h Support formed around 2019.000, Leaving Runners to the 15min Support formed on...
There is potential for a Bearish Gartley pattern. DXY Up, BTC Down. ..................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to...
Dollar has shown a great volatility in terms of sharp and strong movements in the last few years, this instrument defiantly have a lot to prove to us before we change our long term view from Bearish to Bullish. Primary Count : Tracking the move from Jul 23 as an incomplete correction, missing one more leg higher towards the 108.28-110.36 area before the next...
In today's trading session, our attention is directed towards XAUUSD, where we're eyeing a buying opportunity around the 2008 zone. Gold, emblematic of a broader uptrend, currently finds itself in a correction phase, steadily approaching the key trend at the 2008 support and resistance area. This technical perspective serves as our initial guide. Diving into the...
EURUSD / 1D Hello Traders, welcome back to another market breakdown. EURUSD has been trading in a trading range, the price keeps making new highs, and lower highs which is a sign of a bullish trend for now. However, the price also rejected strongly the high of the range which is a first signal for the bulls to get out. The first reversal should be minor, so...
Following last week's release of stronger-than-expected economic data, investors are recalibrating their expectations concerning aggressive Federal Reserve (Fed) rate cuts. The market sentiment is shifting, with investors scaling back their anticipation of imminent rate cuts. This change in perception is amplified by the surge in bond yields, indicating a rising...
Is it possible for the stock market to repeat itself? After the stronger-than-expected NFP last week investors are repricing the aggressive FED rate cuts expected for 2024. This was immediately affected in the stock market as the main indexes dropped and the dollar managed to recover some ground. The month of January is generally weak for the index as the...
– Previous Weekly candle closed Bearish around 2045.700 forming Weekly Resistance around 2063.000, Friday Daily candle closed Doji Bullish forming huge Rejection to the Upside and the Downside – Buys on close above 2048.600 targeting 1h Resistance around 2055.000, Leaving Runners to the 15min Resistance around 2061.100. – Sells on close below 2037.700 targeting...
DXY / 1D Hello Traders, welcome back to another market breakdown. DXY has been trading in a trading range, the price keeps making new lows for now, and lower highs which is a signs of a bearish trend for now. The price is around the previous S/R level where bears might show up again. I'll be looking for some confirmation on lower time frame to the down...
Our focus pivots to the US Dollar Index (DXY), where we are actively evaluating a potential selling opportunity around the 105.900 zone.
KOG Report: In last week’s KOG Report we said we would likely see the week start with ranging movement where if we saw the resistance levels hold above at 2060-65 we felt an opportunity to short the market would be available. We gave the initial level of 2050-55 and then on the break the level of 2030-35 with the weekly bias being bearish below 2075 with target...
This big boys came to play with NFP but was equally sorted out without regret. 4H -Serious Doji - Hanging man as the closing candle * Evening Star 1H * 3 touches on either side of the channel * Bearish channel confirmation * Rection and close under 37500 - 37400 can be the next resting place - 37300 is the next significant level should it fall 15Min - Price in...
I have no reason to be bias but you can obviously see the appeal. 4H * High (146.00), tested twice *Low (140.200), triple bottom 1H * Trend = Bearish (Zoom Out) * Rejection of 146.00 * 1 more confluence and we place sell stops and market execution 15Min - just wait for market open and candlestick close - this trade is very profitable, inline with our plan -...
In the dollar we can see that it has to continue its downward trend at least until it reaches areas between 99,700 and 98,490 minimum to end with the 5 of the Elliot wave since it has not reached 100% of the fibonachi extension of the last reverse wave. It is making a brief correction before going down again to break SL's and go down again as we observe a strong...
Hello,Traders! DXY was falling down Sharply but then hit A horizontal support level Of 100.57 from where We are already seeing A bullish reaction and I think that we will see A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Here is my latest structure analysis and important key levels to watch on EURUSD. Support 1: 1.0722 - 1.0755 area Support 2: 1.0621 - 1.0670 area Support 3: 1.0496 - 1.0564 area Support 4: 1.0447 - 1.0467 area Resistance 1: 1.1107 - 1.1150 area Resistance 2: 1.1240 - 1.1280 area Consider these structures for pullback/breakout trading. ❤️Please, support my...
Greetings Traders, Our focus pivots to the US Dollar Index (DXY), where we are actively evaluating a potential selling opportunity around the 102.900 zone. As DXY charts its course within a downtrend, the ongoing correction phase places it in proximity to the trend at the critical 102.900 resistance area. This comprehensive analysis delves into the fundamental...